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Youth unemployment rate in Italy 2004-2020

The problem of unemployment in Italy became critical in the first years of the financial crisis which started in 2008. Although the labor market crisis seriously affected the entire Italian working population, it particularly impacted the youngest part of the labor force. Between 2008 and 2014 alone, the share of unemployed individuals aged between 15 and 24 years increased by more than 15 percent. Despite a steady decline observed after 2014, youth unemployment still stood at over 31 percent in July 2020.

Dream job versus harsh reality

Newly graduated and often looking for a first job, young people are particularly vulnerable to stagnation in the labor market. Considering the difficulties in finding a job during and after the years of the financial crisis, about 48 percent of young Italians declared in 2018 that they would accept a job that does not meet their career aspiration. One fourth of the respondents stated that they would a accept a monthly salary of 500 euros.

Greece and Italy with have the highest youth unemployment rates in the EU

Italy was the country with the fourth highest youth unemployment rate among the EU member states in 2020. The country with the highest youth unemployment was Spain, where about four in ten young individuals were unemployed.

Annual youth unemployment rate in Italy from 2004 to 2020

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Source

Release date

September 2020

Region

Italy

Survey time period

2004 to 2020

Age group

15-24 years

Supplementary notes

*July 2020

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Statistics on "Employment in Italy"

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